Current:Home > reviewsBangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case -Stellar Financial Insights
Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case
View
Date:2025-04-24 08:55:18
DHAKA, Bangladesh (AP) — An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country’s labor laws. The court also agreed to hear an appeal against his sentencing.
Yunus who pioneered the use of microcredit to help impoverished people, especially women, filed the appeal seeking bail on Sunday morning before it was granted. He was awarded the Nobel Peace Prize for his work in 2006.
The 83-year-old economist and three other officials of the telecommunications company were sentenced to six months in prison on Jan. 1, but they were immediately granted 30 days of bail to appeal the verdict and sentence.
Sunday’s court decision said the bail would remain effective until a final decision is made on the appeal for the sentencing.
Defense lawyer Abdullah Al Mamun said the first hearing on the appeal would be held on March 3.
The case involves Grameen Telecom, which Yunus founded as a non-profit organization.
Yunus’ supporters said the case is politically motivated, a charge that the government of Prime Minister Sheikh Hasina, who was elected for a fourth consecutive term earlier this month, has denied.
In the original verdict, the judge said Yunus’ company violated Bangladeshi labor laws. At least 67 Grameen Telecom workers were supposed to be made permanent employees but were not, and a “welfare fund” to support the staff in cases of emergency or special needs was never formed.
The judge also said that according to company policy 5% of Grameen’s dividends were supposed to have been distributed to staff but were not.
The judge found Yunus, the chairman of the company, and the three other company directors guilty, and fined each 30,000 takas, or $260, while also sentencing each to prison.
Yunus said after the original verdict that he was innocent.
“We are being punished for a crime we did not commit. It was my fate, the nation’s fate. We have accepted this verdict, but will appeal this verdict and continue fighting against this sentence,” he told reporters after the verdict was announced on Jan. 1.
Grameen Telecom owns 34.2% of the country’s largest mobile phone company, Grameenphone, a subsidiary of Norway’s telecom giant Telenor.
Yunus is known to have close connections with political elites in the West, especially in the United States, Europe and elsewhere.
He faces a number of other charges involving alleged corruption and embezzlement.
Yunus’ supporters say he has been targeted because of his frosty relations with Hasina.
veryGood! (71394)
Related
- Current, future North Carolina governor’s challenge of power
- North Carolina lieutenant governor names new chief aide as staff departures grow
- In St. Marks, residents await Hurricane Helene's wrath
- Alan Eugene Miller becomes 2nd inmate in US to be executed with nitrogen gas
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Sophistication of AI-backed operation targeting senator points to future of deepfake schemes
- Miranda Lambert and Brendan McLoughlin’s Romance Burns Like Kerosene at People’s Choice Country Awards
- The Bear's Jeremy Allen White Kisses Costar Molly Gordon While Out in Los Angeles
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Federal government to roll back oversight on Alabama women’s prison after nine years
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- People's Choice Country Awards 2024: Complete Winners List
- Country Core Is Fall’s Hottest Trend: Shop the Look Here
- Sophistication of AI-backed operation targeting senator points to future of deepfake schemes
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Halsey shares she was recently hospitalized for a seizure: 'Very scary'
- Al Michaels laments number of flags in Cowboys vs. Giants game: 'Looks like June 14th'
- Costco Shuts Down Claim Diddy Bought Baby Oil From Them in Bulk
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Madonna’s Stepmother Joan Ciccone Dead at 81 After Cancer Battle
Joe Manganiello and Girlfriend Caitlin O'Connor Celebrate Anniversary With Cute Family Member
Former Denver Broncos QB John Elway revealed as Leaf Sheep on 'The Masked Singer'
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Is there a better live sonic feast than Jeff Lynne's ELO? Not a chance.
James Corden Admits He Tried Ozempic for Weight Loss and Shares His Results
Cardi B Unveils One of Her Edgiest Looks Yet Amid Drama With Estranged Husband Offset